Global Financial Crises : Institutions and Incentives /

Increasing emphasis has been placed on the need for an effective lender of last resort for sovereign states and on procedures for sovereign debt restructuring to help cope with global financial crises. Where private creditors use short-term debt to check sovereign debtor's moral hazard, there i...

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Bibliographic Details
Main Author: Kumar, Manmohan S
Other Authors: Masson, Paul R, Miller, Marcus
Format: Book
Language:English
Published: Washington, D.C. : International Monetary Fund, 2000
Series:IMF Working Papers ; Working Paper No. 00/105
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